TronWeekly

Crypto World News

You are here: Home / Archives for Flow Blockchain

Flow Blockchain

Meta’s NFT expansion drives 38% surge in FLOW token

by

Following Meta’s (FB) intention to use the blockchain to advance its non-fungible tokens (NFT) effort, the Flow blockchain token (FLOW) saw a gain of over 35%.

The token experienced buying pressure after Meta declared support for NFTs, digital tokens that represent ownership of physical or virtual assets created on the Flow blockchain, and announced the international expansion of its recently tested digital collectibles feature on its photo and video-sharing platform Instagram.

Screenshot 107
Source: Twitter

Mark Zuckerberg, the creator, and CEO of Meta, announced the rollout in a Facebook post. After a successful testing period in May, Instagram users in several countries can now display their NFTs. According to a tweet from the social media platform, the network will also include support for Flow Blockchain.

The social media behemoth also declared support for Dapper and Coinbase wallets as being compatible for use as part of its expansion strategy.

The Flow blockchain was developed by Dapper Labs, and NBA Top Shot, one of NFT’s biggest hits, made it famous. To support “games, infrastructure, decentralized finance, content, and artists” in the Flow ecosystem, Dapper Labs revealed a $725 million fund in May.

According to statistics recorded by Coinglass, the price increase in FLOW is supported by a triple-digit increase in futures open interest on important exchanges, including Binance. The quantity of contracts exchanged but not offset by an offsetting position is referred to as open interest.

An increase in open interest confirms the price rally by indicating that more capital is being invested in the FLOW market.

FLOW has above its 100-day simple moving average (SMA), leaving behind ether (ETH) and bitcoin (BTC), which are still trading below the important SMA. As shown in the chart below, the larger decline is still present.

Meta supports content creators through new features

Recent enhancements that Meta believes would expand the potential for money generating, permit creative expression, and improve user engagement were announced for online content creators.

According to reports, in an effort to attract more creators to its platform, the proposed creator’s marketplace would compete with TikTok’s comparable marketplace, which is the video app’s internal influencer marketing tool.

And that’s a wrap: Dapper labs & Flow Blockchain Year in review

by

As 2021 comes to an end, crypto gaming giant Dapper labs published an overall review of its several high-profile projects in the blog. One of its major creations is the NBA Top Shot which has grown more than 100x — from a mere 10k signups and around 1k active users last year to over a million signups and 150k active users to date.

Adding to that the gaming entity is working on its next NBA Top Shot –2022 roadmap.

Similarly, its community consisting of Web3 developers building on the Flow blockchain has also increased by 100x. For example, Start-up NFT Genius launched Ballerz on November 8 this year, raking in over $3 million in secondary sales volume during its first week on Gaia — the first NFT marketplace powered by Dapper.

Not only startups but even established firms have dived into the Flow ecosystem- YouTube choosing Flow as their first NFT minting platform, rewarding gifts to their top creators that are starting to make the rounds on the social web.

Earlier this week, Matrix World, the first Metaverse project on Flow, did a successful $4 million+ Flow primary drop, crossing $1M in secondary sales on the BloctoBay NFT marketplace, and has recently announced a partnership with Asian Popstar Jay Chou.

Continuing its rapid strides into the music domain, Versus Auction, art NFT platforms running on the Flow chain, launched collabs with popular artists like John Orion Young, Ben Mauro, and Alotta Money.

Likewise, Dapper labs’ long-time partner Animoca built MotoGP and Olympic Pins this year announcing its entry into the sports Metaverse on Flow. Alchemy, the leading blockchain developer platform, just launched Web3 University — a learning resource for everyone wanting to jump into this world.

Taking cues from NBA top shot, Eternal – a Dapper-backed startup had announced its funding round that includes investors like Mark Cuban, Gary V, and Coinbase in September 2021–– and been executing consistently since then.

Dapper Labs entry into the mainstream world

Seussibles is a mobile-first mainstream consumer NFT experience featuring the Dr. Seuss universe and expanding to other IPs in the future. Moreover, Dapper-powered sports startup, SportsIcon announced a partnership with Floyd Mayweather himself— as well as an upcoming platform for all college and pro athletes.

Lastly, search engine giant, Google became the latest entrant by enabling its cloud platform, Google cloud to host Flow blockchain nodes.